DBtune secures €2.4m seed funding to revolutionize AI-based database optimization
DBtune, a Swedish AI-powered database tuning service, has successfully closed €2.4 million seed funding round led by 42Cap. This marks a major leap forward its mission to transform the way organizations approach performance optimization in databases.
DBtune's innovative approach simplifies the tuning process for database instances using artificial intelligence. Tuning the configuration parameters is a vital aspect of database management and can have significant performance ramifications. The configuration parameters of a database affect the way the data "flows" through the application and the interaction between the underlying hardware, which is, the interaction between RAM, CPU, and disk.
Through DBtune's flagship AI-based cloud and on-prem service, users can tune their database system effortlessly, freeing up valuable time for database administrators to concentrate on strategic initiatives and maximize efficiency and productivity. Thanks to DBtune, customers reduce their computing resource requirements, bringing more efficiency to their Financial DevOps (FinOps). In addition to saving on cloud credits, users also reduce their CO2 impact, supporting their environmental, social, and governance (ESG) goals. DBtune's foundation is rooted in eight years of machine learning research and development in academia, as a spin-off from Stanford University and Lund University.
The round was led by 42Cap (Germany), with participation from prominent investors such as Axeleo Capital (France), Tiny Supercomputer Investment Company (UK/Germany), Exxeta Ventures (Germany), JVH Ventures (Germany), as well as angel investors Kingston Duffie (US), Martin Hell (Sweden) and Peter Zaitsev (US). These investors not only recognize the immense potential of DBtune's innovative approach but also bring valuable expertise and resources to support the next phase of growth.
The successful completion of DBtune's seed round marks a pivotal moment for DBtune. With this funding, DBtune is poised to enhance the product offerings, expand talented team with new hires, and accelerate growth. At present, the development and sales team comprises 7 individuals who bring a diverse range of expertise in machine learning, database and cloud technologies to DBtune's mission. Additionally, the team is strengthened by valued advisors based in both the US and Europe, contributing valuable insights and guidance to DBtune's operations.